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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

PHOTO Hyundai's first wearable robot delivered to Korean Air

Hyun Dong-jin, left, head of a robotics lab from Hyundai Motor, poses with Jung Hyun-bo, vice president at Korean Air’s Aerospace Business Division, at an aircraft repair facility of the latter in Incheon, Tuesday. The carmaker delivered the first of its X-ble Shoulder industrial robots to the airline. Courtesy of Hyundai Motor

Jul 9, 2025By Lee Min-hyung
[PHOTO] Hyundai's first wearable robot delivered to Korean Air

Hyundai Engineering to collaborate with Woodside Energy for LNG liquefaction plant projects

Hyundai Engineering said Wednesday it has partnered with Australian energy giant Woodside Energy Ltd. to collaborate on liquefied natural gas (LNG) liquefaction plant projects. Under a trilateral memorandum of understating (MOU) also involving Hyundai Glovis, Hyundai Engineering will leverage its global engineering, procurement and construction (EPC) capabilities to provide Woodside Energy with comprehensive engineering solutions involving LNG liquefaction plants. The company said it aims to use the MOU as a strategic foothold to enter the global LNG liquefaction plant market, strengthen its project execution capabilities and diversify its portfolio in the energy sector. In addition to LNG, Hyundai Engineering plans to expand into other low-carbon and renewable energy projects, including sustainable aviation fuel, bio diesel, solar and wind energy plants, as part of its broader decarbonization strategy. "We will bring our full capabilities to deliver total engineering solutions for Woodside's LNG projects," said Sohn Myung-geon, head of Hyundai Engineering's plant business division.

Jul 9, 2025By Yonhap
Hyundai Engineering to collaborate with Woodside Energy for LNG liquefaction plant projects

Hyundai Motor makes 1st delivery of X-ble Shoulder wearable robot to Korean Air

Hyundai Motor said Wednesday it has delivered its X-ble Shoulder wearable robot units to Korean Airlines, marking the first delivery of the strength-enhancing equipment for workers since its introduction late last year. The companies held a ceremony marking the delivery of the units at the airline's aircraft maintenance center Tuesday in Incheon, west of Seoul. Developed by the Robotics Lab of Hyundai Motor and affiliate Kia, the X-ble Shoulder helps reduce physical strain in the shoulder area for workers during repetitive tasks, lowering the risks of injury while improving work efficiency. The equipment will be used by Korean Air workers in maintenance operations of various aircraft, including unmanned aerial vehicles and space launch vehicles. Hyundai and Kia will start delivering the robots to other affiliates of Hyundai Motor Group and local manufacturing companies that have signed procurement contracts. Global sales of X-ble Shoulder are set to start in 2026.

Jul 9, 2025By Yonhap
Hyundai Motor makes 1st delivery of X-ble Shoulder wearable robot to Korean Air

Lotte Wellfood completes construction of 1st overseas Pepero production line in India

Lotte Wellfood Co., a South Korean confectionary company, said Wednesday it has completed construction of its first overseas production line for Pepero, the company's iconic chocolate-coated biscuit stick snack, in India. The launch of the Pepero production line at the company's plant in Haryana, operated by its Indian subsidiary, Lotte India, came after the company decided to invest approximately 33 billion won ($24 million) to establish the line in January. In the Indian market, Lotte Wellfood will release the original Pepero, along with a crunchy variant. The products will initially be distributed in the Delhi region through a variety of retail channels before expanding nationwide. Lotte Wellfood said it has tailored the product for India's hot and humid climate, engineering the chocolate coating to withstand temperatures up to 40 degrees Celsius without melting. The company said it aims to tap into India's vast confectionery market, which is valued at roughly 1.7 trillion won, serving a population of 1.4 billion. Lotte Wellfood plans to roll out a localized marketing campaign starting

Jul 9, 2025By Yonhap
Lotte Wellfood completes construction of 1st overseas Pepero production line in India

LG unveils improved pathology AI model, EXAONE Path 2.0

LG AI Research, the artificial intelligence (AI) lab under South Korea's LG Group, said Wednesday it has unveiled its upgraded pathology AI model, EXAONE Path 2.0. Compared with the previous 1.0 version, EXAONE Path 2.0 delivers enhanced accuracy in analyzing and predicting genetic mutations, gene expression patterns and subtle structural changes in human cells and tissues, using pathological tissue images, according to LG AI Research. It noted that the model has been trained on over 10,000 datasets where whole slide images are paired with multiomics information, enabling it to predict gene activity solely through image analysis without the need for expensive genomic testing. "With EXAONE Path 2.0, genetic testing can be completed in under one minute, compared with the more than two weeks it used to take," Park Yong-min, a lead researcher at LG AI Research, said. "This will help secure the golden time for cancer patient treatment." He added that doctors and pharmaceutical companies can use EXAONE Path 2.0 to rapidly analyze cancer patients' pathological images, identify gene mutations an

Jul 9, 2025By Yonhap
LG unveils improved pathology AI model, EXAONE Path 2.0

Major Korean firms spend 0.1% of revenue on cybersecurity: data

Major companies in Korea allocated only about 0.1 percent of their total revenues for investments in cybersecurity over the past three years, a corporate data tracker said Wednesday. According to data compiled by CEO Score, 585 companies that disclosed their cybersecurity spending on a public portal run by the Korea Internet & Security Agency (KISA) invested a combined 2.24 trillion won ($1.63 billion) in information security in 2024. This figure represents a 28.4 percent increase from 1.77 trillion won in 2022. Despite the increase, cybersecurity investment accounted for just 0.13 percent of the companies' total revenue of 1,787.3 trillion won in 2024, up slightly from 0.1 percent in 2022 and 0.12 percent in 2023. By contrast, their investments in information technology, including artificial intelligence (AI) and robotics, rose from 28.8 trillion won in 2022 to 36.1 trillion won last year. Cybersecurity consistently made up only about 6.1 percent of that IT spending during the cited period. By company, Samsung Electronics spent most on cybersecurity, investing 356.2 billion won last year

Jul 9, 2025By Yonhap
Major Korean firms spend 0.1% of revenue on cybersecurity: data

Shipbuilding rivalry set to intensify in Northeast Asia

Competition is intensifying among shipbuilders in Korea, China and Japan as each country vies for dominance in the global market. As the governments of China and Japan are trying to make their shipbuilders bigger through domestic mergers and acquisitions, Korean companies are turning their attention overseas, forging partnerships with foreign firms and acquiring shipyards abroad. Earlier this month, Chinese news outlets reported that the country’s state-owned China State Shipbuilding Corp. (CSSC) received approval to merge two of its subsidiaries. Known as the world’s largest shipbuilder, CSSC has pursued the merger in line with the Chinese government’s strategy to restructure its shipbuilding sector. Once the merger is completed, China will have the world’s largest listed shipbuilder by asset size, operating profit and sales volume. Japan is also stepping up efforts to revitalize its shipbuilding industry, which has lost ground to competitors in Korea and China. Imabari Shipbuilding, Japan’s largest shipbuilder, announced last month that it will acquire an additional 30 percent

Jul 9, 2025By Park Jae-hyuk
Shipbuilding rivalry set to intensify in Northeast Asia

Hanwha Ocean wins US Navy ship maintenance deal

Hanwha Ocean, a major South Korean shipbuilder, has secured a contract to provide maintenance, repair and overhaul (MRO) services for the U.S. Navy ship Charles Drew, industry sources said Tuesday. The company won the U.S. Navy's regular MRO project for the Charles Drew, a dry cargo and ammunition ship assigned to the Navy's 7th Fleet, the sources said. The non-combat vessel is expected to arrive at Hanwha Ocean's Geoje shipyard, about 330 kilometers southeast of Seoul, later this month and be delivered back to the U.S. Navy by the end of the year. This marks the third time Hanwha has won an MRO project for a U.S. Navy vessel. In August last year, it became the first South Korean shipbuilder to secure such a contract, for the Navy's logistics support ship Wally Schirra. In November, it also won an MRO deal for the replenishment oiler Yukon.

Jul 8, 2025By Yonhap
Hanwha Ocean wins US Navy ship maintenance deal

Next 3 weeks critical in Korea's tariff talks with US

The next three weeks will be critical for Korea’s trade and economy, as the country seeks a tangible outcome in tariff talks with the United States after the Donald Trump administration delayed the start of the levy to Aug. 1. Although Korea has avoided the immediate effect of the 25 percent “reciprocal” tariff, the government is set to accelerate its negotiations with the U.S. to reduce the tariff rate which, if applied as is, is expected to heavily weigh on Korea's export-reliant industries. Experts urge the Lee Jae Myung administration to persuade Washington by pledging to increase imports from the U.S. The White House said Monday (local time) that Trump sent letters outlining each country’s tariff rates to the leaders of 14 nations, including Korea and Japan, both of which now face 25 percent “reciprocal” tariffs. “Please understand that these Tariffs are necessary to correct the many years of Korea’s Tariff, and Non Tariff, Policies and Trade Barriers, causing these unsustainable Trade Deficits against the United States,” the letter addressed to Lee read. However,

Jul 8, 2025By Park Jae-hyuk
Next 3 weeks critical in Korea's tariff talks with US

Global K-food popularity drives Neogen to bolster quality control for makers

As Korean foods are increasingly gaining traction in global consumer markets, food quality control solution provider Neogen Korea is enhancing its role to meet the expanding demand, its Asia-Pacific vice president said Tuesday. Established in 2022, following Neogen’s acquisition of 3M’s food safety division, the company emphasized the rising need for quality control in Korean food exports. It also underscored that food quality management is directly tied to global food security and can be further advanced through sustainability-focused practices, such as conserving energy and water and minimizing waste. Neogen’s quality control solutions are now used in 140 countries to inspect for microorganisms, foodborne pathogens, mycotoxins and food allergens. Supported by advanced devices such as the Petrifilm Plate Reader and Molecular Detection System (MDS), the solutions allow food firms to conduct quality control testing on their products and raw ingredients more easily, accurately and rapidly. Sohn Byoung-ik, vice president of Neogen Asia-Pacific, said that following its merger, the com

Jul 8, 2025By Ko Dong-hwan
Global K-food popularity drives Neogen to bolster quality control for makers
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